Which one of the following is true?
(a) GDPfc = GNPmp;
(b) GDE=FD-M;
(c) GDP=FD-X;
(d) GNP-Dep=NNP=NI.
Answer: (d) GNP-Dep=NNP=NI
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The prices of all fixed-income assets (bonds)
A) are independent of the interest rate. B) are determined by the U.S. Treasury. C) vary directly with the interest rate. D) vary inversely with the interest rate.
Equity Instruments include
A) stocks. B) bonds. C) banks deposits. D) receipts. E) bank statements.
An example of a quantity restriction is
A) the minimum wage. B) an import quota. C) rent controls. D) price supports in agriculture.
Suppose stock X has a beta of 2.5 and stock Y has a beta of 0.5. From this we can conclude that X has:
A. 5 times the nondiversifiable risk of the market portfolio. B. 5 times the nondiversifiable risk of Y. C. 2.5 times the nondiversifiable risk of Y. D. 2.5 times the diversifiable risk of the market portfolio.